The Asian Development Bank (ADB) has launched the regional connectivity fund for Energy in Southeast Asia, a USD 25 million multi-partner trust fund aimed at accelerating the development of the ASEAN Power Grid.
The facility will support early-stage preparation of cross-border energy and transmission projects across the region, including feasibility studies, engineering design, financial structuring and safeguard assessments. It will also provide technical assistance, policy advice and capacity building to strengthen regulatory frameworks and improve project readiness. The fund has received initial support from Australia, Canada, Germany, the United Kingdom and the European Union, and will operate under the ASEAN Infrastructure Fund in coordination with ASEAN member states.